Hi, I'm Dampromack, and welcome to Axios Recap. Today's Wednesday, July 8th, COVID

hospitalizations in Florida are way up. United Airlines' workforce may be going way down,

and we're focused on the TikTok economy.

TikTok, for those who don't know, is a mobile video sharing app that's quickly become one of the world's largest social networks.

Hootsweet estimates that around 800 million people log on each month, and of those, over half of them, are under 24 years old.

But what's popular with the kids isn't always popular with their parents or grandparents.

And nowhere is that more evident than in Washington, D.C., where President Trump last night

talked about banning TikTok because of its ties to China.

Three things to know.

First, TikTok is owned by a Chinese company called ByteDance.

U.S. officials, particularly in the White House, believe that ByteDance is too closely

tied to the Chinese government, thus possibly putting U.S. user data privacy and cybersecurity

at risk, although the legitimacy of those concerns remains unclear.

Two, TikTok has insisted that its U.S. business, which only makes up

about 5% of its total global business, is siloed. Going so far as to recently hire Disney veteran

Kevin Mayer as its U.S. CEO. Three, U.S. politicians have actually been talking for a while

about their TikTok concerns. We even did an episode of my old podcast on it last

year with Republican Senator Marshall Blackburn. But it's heated up in the past two days,

with Secretary of State Pompeo and then Trump himself, both raising the specter of a ban.

And before you dismiss that out of hand, it's worth noting that India, the whole country,

just banned TikTok,

where it had more than 300 million users. Were TikTok to be banned, obviously, it would be a

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